Glatfelter Stock Forecast
Volatile ride for Glatfelter stock price on Wednesday moving between $1.43 and $1.59
(Updated on May 01, 2024)
The Glatfelter stock price gained 4.20% on the last trading day (Wednesday, 1st May 2024), rising from $1.43 to $1.49. During the last trading day the stock fluctuated 10.84% from a day low at $1.43 to a day high of $1.59. The price has been going up and down for this period, and there has been a 0.68% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 275 thousand shares were bought and sold for approximately $409.57 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -22.56% during the next 3 months and, with a 90% probability hold a price between $0.532 and $1.60 at the end of this 3-month period.
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GLT Signals & Forecast
Glatfelter has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Glatfelter stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.51 and $1.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 07, 2024, and so far it has fallen -43.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Glatfelter stock
Glatfelter finds support from accumulated volume at $1.48 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.155 between high and low, or 10.84%. For the last week, the stock has had daily average volatility of 5.65%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLT) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Glatfelter to open at $1.50, and during the day (based on 14 day Average True Range), to move between $1.38 and $1.60, which gives a possible trading interval of +/-$0.112 (+/-7.51%) up or down from last closing price. If Glatfelter takes out the full calculated possible swing range there will be an estimated 15.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.48 (0.67%) than the resistance at $1.60 (7.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Glatfelter will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for Glatfelter, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.80% in the first trading day after earnings release.
Is Glatfelter stock A Buy?
Glatfelter holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.109 Sell Candidate Upgraded
Predicted Opening Price for Glatfelter of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $1.50 ( 0.783%) | $1.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.66 | 11.19 % | |
| R2 | 1.60 | 7.21 % | ||
| R1 | 1.56 | 4.76 % | ||
| Current price: | 1.49 | |||
| Support | S1 | 1.44 | -3.19 % | |
| S2 | 1.41 | -5.65 % | ||
| S3 | 1.35 | -9.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.84 | 23.49 % | |
| R2 | 1.77 | 18.79 % | ||
| R1 | 1.60 | 7.38 % | ||
| Current price | 1.49 | |||
| Support | S1 | 1.48 | -0.671% | |
| S2 | 1.47 | -1.34% | ||
| S3 | 1.28 | -14.09% |
GLT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 05, 2022 | Jun 30, 2022 | Aug 01, 2022 | $0.140 | 2.21% |
| 2 | Feb 18, 2022 | Mar 31, 2022 | May 01, 2022 | $0.140 | 1.27% |
| 3 | Dec 17, 2021 | Dec 31, 2021 | Feb 01, 2022 | $0.140 | 0.793% |
| 4 | Sep 15, 2021 | Sep 30, 2021 | Nov 01, 2021 | $0.140 | 0.83% |
| 5 | May 06, 2021 | Jun 30, 2021 | Aug 02, 2021 | $0.140 | 0.93% |
FAQ
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